Creating a fleet budget is crucial for operational success. Learn how to align your budget with business objectives, leverage technology, and plan for the unexpected. Discover expert tips and practical advice to make your fleet budget more effective and resilient.
New technology is giving time and money back while building more efficient fleets.
According to Vincentric, fleet cost per mile for most vehicle categories decreased slightly in the third quarter, while the Pickup and SUV categories remained the same.
Driver costs, equipment costs, insurance costs, travel and food costs may have longer-term legs of reducing the purchasing power of your budget, says HDT's Contributing Economic Analyst Jeff Kauffman.
Thanks to IoT devices, AI, machine learning, telematics, and data analytics software, fleet managers continue to increase vehicle uptime, helping to improve the total cost of ownership.
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